{"id":10992,"date":"2025-09-12T04:29:07","date_gmt":"2025-09-12T04:29:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/10992\/"},"modified":"2025-09-12T04:29:07","modified_gmt":"2025-09-12T04:29:07","slug":"dow-tops-46000-sp-500-and-nasdaq-notch-records-as-cpi-jobs-data-clears-way-for-fed-cut","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/10992\/","title":{"rendered":"Dow tops 46,000, S&#038;P 500 and Nasdaq notch records as CPI, jobs data clears way for Fed cut"},"content":{"rendered":"\n<p class=\"yf-1090901\">Micron stock (<a data-i13n=\"cpos:1;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/MU\" data-ylk=\"slk:MU;cpos:1;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">MU<\/a>) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares jumped roughly 19%. Thursday&#8217;s gain put the chipmaker on track for a record close.<\/p>\n<p class=\"yf-1090901\">The gain came as Citi analyst Christopher Danely lifted his price target on shares to $175 from $150, maintaining his Buy rating on the stock.<\/p>\n<p class=\"yf-1090901\">Micron makes memory chips used in AI data centers and consumer electronics. For example, its various memory chips are used in Nvidia&#8217;s (<a data-i13n=\"cpos:2;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/NVDA\" data-ylk=\"slk:NVDA;cpos:2;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">NVDA<\/a>) GPUs (graphics processing units) and Apple&#8217;s (<a data-i13n=\"cpos:3;pos:1\" href=\"https:\/\/finance.yahoo.com\/quote\/AAPL\" data-ylk=\"slk:AAPL;cpos:3;pos:1;elm:context_link;itc:0;sec:content-canvas\" class=\"link \" rel=\"nofollow noopener\" target=\"_blank\">AAPL<\/a>) iPhones.<\/p>\n<p class=\"yf-1090901\">Danely said he expects Micron to report fourth quarter results in line with Wall Street&#8217;s expectations on Sept. 23 and share an outlook for its first quarter revenue &#8220;well above consensus guidance.&#8221;<\/p>\n<p class=\"yf-1090901\">Danely expects Micron to guide for revenue of $13 billion for the first quarter of its 2026 fiscal year, while analysts polled by Bloomberg expect $11.8 billion. He expects earnings per share guidance of $3.23, above the $2.98 consensus estimate, per Bloomberg.<\/p>\n<p class=\"yf-1090901\">&#8220;We believe the continued memory upturn is being driven by limited production and better than expected demand, particularly from the data center end market,&#8221; he said, noting a &#8220;recent increase in orders from AI space.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"Micron stock (MU) jumped roughly 8.5% Thursday morning to about $152, the biggest leap since April, when shares&hellip;\n","protected":false},"author":2,"featured_media":2578,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,11881,85,46,10853,1008,1009,11882],"class_list":["post-10992","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-expectations","tag-il","tag-israel","tag-jobless-claims","tag-nasdaq-composite","tag-president-trump","tag-record-highs"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/10992","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=10992"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/10992\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/2578"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=10992"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=10992"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=10992"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}